Bac Giang works to improve investment attraction
The northern province of Bac Giang will continue taking measures to improve the efficiency of investment attraction and better its business climate, according to Chairman of the provincial People’s Committee Nguyen Van Linh.
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A view of Bac Giang city (Source: http://bacgiangcity.gov.vn)
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Departments and People’s Committees of Bac Giang city and districts should review land lots and actively make a list of locations with trade advantages for biddings to select investors in line with the Bidding Law, he added.
The province will increase inspection and review of projects which have got investment licences so as to remove difficulties for investors while urgently detecting and handling violations and revoking projects with low investment.
The provincial leader stated that to improve the efficiency of investment attraction and develop production and business activities, the People’s Committees of Bac Giang city and districts need to focus on site clearance compensation to speed up transport, urban and industrial zone infrastructure projects.
According to the provincial Department of Planning and Investment, Bac Giang has so far this year licensed 79 domestic investment projects with total registered capital of over VND1 trillion (US$45.8 million) and 42 foreign direct investment (FDI) projects valued at US$127 million. It also allowed 32 FDI projects to add nearly US$314 million in capital.
The province is now home to 1,448 valid projects, including 1,088 domestic projects worth VND79.4 trillion (US$3.45 billion) and 358 foreign-invested projects with total registered capital of over US$4.18 billion.
